Question
How can I confirm I have accurately entered my trades into my GainsKeeper account?
Answer
To ensure you have entered all of your trades accurately into your GainsKeeper account, compare your broker(s) 1099 total sales (or call total proceeds) with the Schedule D total sales figures. They should match or be off by a very small amount (due to penny rounding differences when wash sales adjustments come into play). The only exception to this rule is if you also traded options. Your broker will not include the options proceeds on the 1099. So your Schedule D figures should be higher by the amount of the options proceeds. If the sale figures are lower on the Schedule D, then you have missed entering some trades into your GainsKeeper account.